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[The following informatien applies to the questions displayed bekw.] In its first month of operations. Litefacy for the 1tterate opened a new bookstore and bought
[The following informatien applies to the questions displayed bekw.] In its first month of operations. Litefacy for the 1tterate opened a new bookstore and bought merchandise in the following order (5) 280 units at $8 on January 1, (2) 610 units at $9 on Janary 8 , and (3) 910 units at $10 on danuary 29. M7-12 (Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic LIFO [LO 7-3] Assuming 1140 units ate on hand at the end of the month, caiculute the cost of goods walable for sole, ending inventory, and cost of goods sold under LFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal pleces.)
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